Shark Tank Star Banking on More Growth In Stocks (Part 2)

Equities have another two years of good returns coming, said Kevin O’Leary, star of Shark Tank and chairman of O’Shares ETFs.
“Here’s the really interesting situation we’re in. You look at a lot of analysts now looking at S&P earnings saying ‘OK, they’re going to go flat, and they’re not grow them more than 2%,’ but the reason that’s not going to ultimately completely bring down the market is the S&P is now 46% in foreign revenue,” O’Leary told Kitco News.
Even though problems exist globally, domestically, the U.S. economy is “on fire,” O’Leary added, noting that regulatory, not tax reforms, will bring the next leg up in the domestic markets, particularly in small and mid-cap businesses. (show less)

Equities have another two years of good returns coming, said Kevin O’Leary, star of Shark Tank and chairman of O’Shares ETFs.
“Here’s the really interesting situation we’re in. You look at a lot of analysts now looking at S&P earnings saying ‘OK, they’re going to go flat, and they’re not grow them more than 2%,’ but the reason that’s not going to ultimately completely bring down the market is the S&P is now 46% in foreign revenue,” O’Leary told Kitco ... (read more)

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Kitco NEWS

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